TechFlow News — Recently, an article published by "Crypto Anonymous" claimed that Tether is responsible for severe Bitcoin price manipulation and could potentially paralyze the Bitcoin network and Bitcoin itself. Yassine Elmandjra, analyst at ARK Invest, argues that the article relies on misleading data and reveals significant misunderstandings about Tether's mechanics. While Tether's operations are somewhat opaque, the level of scrutiny it has faced since 2018 suggests a low likelihood of outright fraud.
In Yassine's view, even if Tether were to fail, its impact on the Bitcoin network and Bitcoin's price would be short-term. A potential collapse of Tether might cause price volatility and a loss of confidence in the crypto space, but ultimately ARK believes such a failure could benefit Bitcoin by highlighting its distinction as a liability-free asset.
